Dáil Éireann Debate, Tuesday - 23 September 2014
202. Deputy Peadar Tóibín asked the Minister for Public Expenditure and Reform if he will provide, in a tabular form, the annual allocated capital expenditure spend for the years 2008 to 2014, inclusive, and the accompanying percentage increase or decrease of this spend in comparison with the previous year. [35818/14]
Amharc ar fhreagraThe following table outlines gross capital expenditure for the period to which the Deputy refers. Figures up to 2012 represent the actual outturn which includes capital carryover spent in the year.
The 2013 figure is the provisional outturn and does not include carryover spend. The figure for 2014 represents the allocation as per the Revised Estimates for Public Services 2014 and does not include the May 2014 stimulus announcement of an additional €200m in capital exenditure. The table also shows the percentage increase/decrease for each year in comparison to the previous year.
The details on expenditure, along with a breakdown by Department, can also be found on the databank website hosted by my Department, http://databank.per.gov.ie/.
It is important to note that in the ten year period preceding the 2011 capital review, many of the economy's key infrastructural deficits were addressed through a large capital investment of over €60 billion in Exchequer capital expenditure. This investment peaked at €9 billion in 2008. In recent years, however, it has been necessary to prioritise public spending and scale back the public capital programme in order to help bring the public finances under control. While the capital budget made a large contribution to the consolidation effort there were, of course, reductions to current budgets also in both pay and programme expenditure.
Gross Capital Expenditure Trend 2008 - 2014
|
Year |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
|
Capital Spend |
9,011 |
7,333 |
6,385 |
4,515 |
3,809 |
3,287 |
3,339 |
|
% Change year on year |
-19% |
-13% |
-29% |
-16% |
-14% |
2% |
